Slow growth raises spectre of unemployment in China

That's a record high for China, the report said. Sarah Jones, human resources expert of Antal International China, said, "The Ministry of Human Resources and Social Security detailed that every year only 12 million jobs are created."

"And the rest of the population here in China. So it doesn't take a mathematician to start working out where the burgeoning problems lie here today in 2012," she said.

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Image: A labourer works at a valve factory in Wenzhou, Zhejiang Province.Photographs: Carlos Barria/Reuters

Slow growth raises spectre of unemployment in China

Also the competition between the local graduates and those studying abroad is sharpening, she said.

There are a lot more Chinese graduates who were studying in the US or the UK.

"So not only you have to compete with your next door neighbour who went to (local) Nanjing University and got the same degree, but you are also competing with an influx of students who have automatically an international platform," Sarah Jones told CCTV.

Image: Migrant labourers wash a roof near The Bund on the banks of the Huangpu River in Shanghai.Photographs: Aly Song/Reuters